One of the shocks that hit the economy, of course, was the spate of corporate governance scandals. When we look at current risk spreads and credit spreads, they have narrowed relative to their early 2002 levels. I have two questions on this, David. One, do you think we are past the major part of the fallout in financial markets from these corporate governance scandals? Second, do you think we are still seeing an impact from them on the real economy, or are we past that now?